The quest to protect Ethereum Classic continues. As it grapples with multiple security breaches, Ethereum Classic Labs has partnered with ChainSafe and OpenRelay in hopes of increasing its defenses against 51% attacks. In a post, Ethereum Classic and its Core Dev Team will work with both ChainSafe and OpenRelay to develop and test security responses. …
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Hot wallet attacks have been making a lot of headlines lately. Crypto exchange Eterbase recently fell victim to a hack of its hot wallets. According to a statement issued by the Slovak Republic-based exchange, hackers extracted approximately $5.4 million from the exchange’s accounts on August 8. Shortly thereafter, Eterbase assured users that law enforcement had…
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There is a nationwide alert for future ransomware campaigns against Chilean companies. Banco Estado, the only public bank in Chile and one of the three largest in the country, had to shut down its nationwide operations on Monday due to a cyberattack that turned out to be a ransomware launched by REvil. According to a…
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The surrounding threat level is low, but there are fears it could increase. Cybersecurity experts at ESET published an in-depth study about a new malware named “KryptoCibule.” This exploit specifically targets Windows users with three methods of attack, including by installing a crypto mining app, directly stealing crypto wallet files, and replacing copy/pasted wallet addresses…
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As the Ryuk ransomware continues to wreak havoc, tracking ransomware payments has become critical in stopping criminals from cashing out. There is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved…
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Graham Ivan Clark may not be the only juvenile responsible for the massive Twitter breach on July 15. The FBI executed a search warrant against a 16-year-old Massachusetts resident in connection with the massive Twitter breach. According to a New York Times report, on Sept. 1 authorities raided the home of a 16-year-old boy who…
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It’s the third attack this month. The Ethereum Classic (ETC) network was hit by another 51% attack on August 29, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades. In a tweet, Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem. “While ETC…
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Unfortunate “crypto” brand name causes the company to shut down. Crypto International, a successor of controversial Swiss company Crypto AG, is reportedly dismissing dozens of employees following a major spying scandal. As many as 70 employees had to quit Crypto International after Crypto AG was found to be selling backdoored products to benefit agencies like…
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It’s not a group of 1980s rappers, it’s North Korea’s second most notorious hacking gang. A group of North Korean hackers is engaged in a massive campaign targeting U.S. financial institutions and cryptocurrency exchanges around the world — with US authorities warning of the high level of threat it poses to the country. According to…
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Careful! Those job offers you’re seeing on LinkedIn might actually be a crypto attack. Lazarus, a group of hackers who are allegedly backed by North Korea, is now reportedly attacking crypto and blockchain talent through major professional social network, LinkedIn. According to a report by the Finnish cyber security and privacy firm, F-Secure, the latest…
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